Transactions by JA SOLAR HOLDINGS CO LTD-ADR (JASO) in the last 6 months

Announced 06/5/15

1.12B for JA Solar Holdings Co., Ltd.

Merger/Acquisition

Baofang Jin, Chairman and Chief Executive Officer of JA Solar Holdings Co., Ltd. along with a group of investors made an offer to acquire the remaining 84.37% in JA Solar Holdings Co., Ltd. (NasdaqGS:JASO) for approximately $410 million in cash on June 5, 2015. Baofang Jin will pay $1.938 per share of JA Solar Holdings Co. or $9.69 per American Depositary Share as consideration. The group of investors includes Huixian Wang, Binguo Liu, Jicun Yan, Rongrui Liu, Huiqiang ... Liu, Ruiying Cao, Guichun Xing, Ning Wen, Bingyan Ren and Ruchang Wen. Baofang Jin intends to finance the acquisition with a combination of debt and equity capital, and expects definitive commitments for the required debt and equity funding. It is also anticipated that the buyers who are existing shareholders of JA Solar Holdings Co., Ltd. will roll over their equity interests in JA Solar Holdings Co., Ltd. to the acquisition vehicle created by them. JA Solar Holdings intends to form a special committee consisting of independent directors to consider this proposal. The offer is subject to approval from JA Solar Holdings' shareholders. As on June 15, 2015, JA Solar established a special committee of Board of Directors to consider the proposal. Victor Kuo from ICR, LLC acted as the public relations contact on the deal for JA Solar Holdings Co. Peter X. Huang and Daniel Dusek of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Baofang Jin.Read More

JASO's price was unchanged after the transaction was announced on 06/5/15.

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